whats the stockholders equity for this? Statement on Stockholders' EquityYear 2Beginning Common Stock & APICPlus: common stock issuedPlus: additional paid in capitalEnding Common Stock$Beginning Retained EarningsPlus: Net IncomeLess: DividendsEnding Retained Earnings$Total Stockholders' Equity Balance SheetIncome StatementStatement of Cash FlowsAssetsLiabNotes PayEventsEquityAcct RecInventoryBuildingАcct PayDiv PayWages PayRetain EarningsAccum Depr8,333.00 | $CashEquipmentLandCommon StockΑΡICAccount TitlesRevenueExpenseNet IncomeТуреAmountBeginning Balances as of Dec 31, Year 11.Acquired $550,000 by signing a note payable with a local bank2. Sold 25,000 shares of $22 Common Stock for $1,500,0003. Purchased Equipment for $300,0004. Purchased Inventory on Account - 25,000 Units at $1.15 per unit5a. Sold 15,000 units at $3.50 on Account17,500.00 | $ 28,000.00257,000.00 | $550,0001,500,000(300,000)2450,000.00 | $250,000.00118,000.00200,000.00 $100,000.00 | $176,167.00Financing$4$ 1,500,000$4$4550,000550,000550,000 $FinancingInvesting950,000$428,750300,000(300,000)$452,50028,750Non Cash$4Non Cash$4(29,150)52,50052,50052,5005b. COGS for Sales on Account(29,150)$4(29,150)$429,150 | $Non Cash70,000 |$(117,250)(70,000)OperatingOperating6. Collect $70,000 on AcCount7. Paid $117,250 of Accounts Payable8. Purchased Inventory on Account - 170,000 Units at $1.50 per unit9a. Sold 175,000 units at $3.50 on Account9b. COGS for Sales on Account10. Collect $472,500 on Account11. Paid $218,600 of Accounts Payable12. Purchased Inventory on Account - 275,000 Units at $1.35 per unit13a. Sold 200,000 units at $3.50 on Account70,000$4$4$ (117,250)(117,250)255,000$4612,500255,000Non Cash$4$4612,500(254,100)612,500612,500(254,100)Non Cash(254,100)254,100 $Non Cash472,500 $(218,600)OperatingOperatingNon CashNon Cash$4(218,600)(472,500)472,500$4$ (218,600.00)371,250$4371,250$4$4$4(272,850)700,000700,000700,000700,000272,850 $$4(735,000)13b. COGS for Sales on Account(272,850)(272,850)$4Non Cash735,000| $14. Collect $735,000 on Account15. Paid $494,150 of Accounts Payable16. Purchased Inventory on Account - 300,000 Units at $1.15 per unit17. Paid Sales & Marketing Expenses of $30,00018. Paid Operating Expenses of $75,70819. Record Wages Payable of $40,00020. Paid Product Line Research & Development Expenses of $150,00021. Paid Advertising Expenses of $87,50024%24OperatingOperating735,000(494,150)$4(494,150.00)(494,150)345,000$4345,000.00Non Cash(30,000)(75,708)30,000 | $75,708 |$$4(30,000)$4(75,708)(30,000)(75,708)(40,000)(150,000)(87,500)(30,000)(75,708)(40,000)(150,000)(87,500)OperatingOperating$4$4$440,000$440,000 | $$4150,000 $OperatingOperating(150,000)(150,000)$4(87,500)$487,500 | $$4(87,500)22. Made the yearly required payment on the note payable. The note carries a 7%$interest rate and requires payments of $50,000 plus interest each December 31.38,500 | $(88,500)(50,000)$(38,500)$(38,500)Operating(88,500)23. Record first year of Depreciation on Equipment Purchased in Year 2 with SalvageValue of $38,000 & useful life of 7 Yrs24. Declared a $10,000 cash dividend for stockholders25. Paid a $10,000 cash dividend for stockholders$37,429.00(37,429)$37,429 | $(37,429)Non Cash10,000.00(10,000)Non Cash$4(10,000)2,012,792 $2$$4(10,000.00)FinancingNet Change in Cash$4(10,000)$ 1,755,792$4Balance at end of Yr 2105,000 | $471,900 $ 300,000 | $50,000 | $250,00045,762 $288,000 | $500,000 $40,000 $750,000 $1,050,000 $515,9301,365,000 $ 1,015,237 $349,763Total Assets$3,143,930Total Liabilities & Equity3,143,930%2A A A%24 4%24%24%24%24%24%24%24%24%24 4%24%24%24%24%24%24%24%24%24%24%24 4%24 A%2A 4%24%24%24%24%24%24%24%24%24%24%24%24%24%24 4%24

Question

Accepted Answer

The stockholders' equity represents the equity that belongs to the shareholders.

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